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Chipotle Just Completed Its Stock Split: Here's What Happens Next.
CMGChipotle Mexican Grill(CMG) The Motley Fool·2024-06-26 09:02

This fast-casual chain has big expansion plans.Chipotle Mexican Grill (CMG 2.80%) shares, which soared to highs beyond 3,000inrecenttimes,todaystarttradingatanew,moreappetizingprice.Thecompanyhascompletedits50−for−1stocksplit,oneofthebiggestinNewYorkStockExchangehistoryandafirst−eversplitforthefast−casualrestaurantchain.Asaresult,thestock,consideringthelastclosingprice,issettotradeataroundlevelsof3,000 in recent times, today start trading at a new, more appetizing price. The company has completed its 50-for-1 stock split, one of the biggest in New York Stock Exchange history and a first-ever split for the fast-casual restaurant chain. As a result, the stock, considering the last closing price, is set to trade at around levels of 63 right now.This follows years of revenue growth fo ...